Dubai Islamic seen to expand loan book 10% in 2014 | Dubai Islamic seen to expand loan book 10% in 2014 -
dubai-islamic-bank-dib

Dubai Islamic seen to expand loan book 10% in 2014

: Wednesday, April 23 - 2014 @ 10:00

The UAE’s economic recovery is expected to drive Dubai Islamic Bank’s (DIB) lending growth to catch up with peers for the first time since 2012, Bloomberg has reported. According to estimates from EFG-Hermes and Arqaam Capital, the world’s oldest Shari’ah-compliant lender may expand its loan book by about 10% this year, matching a forecast for all UAE banks made last month by Moody’s Investors Service. “Credit appetite in the UAE has recovered and the retail segment, personal loans, auto loans, should be a key driver of growth,” Shabbir Malik, an analyst at EFG-Hermes, told the news service. “They have a big branch network within the UAE, a large customer base, so it is a matter of better utilising your infrastructure.”

Today's Top Stories

Posted by

Wednesday, April 23- 2014 @ 10:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs